Tag: Young Entrepreneur Council (YEC)

As a business owner, what do you do when you’re seriously stuck but have no boss or partner to go to for advice? Soak up the wisdom online or at the library for free. This may sound like overly basic advice, but I can’t emphasize enough how much I’ve learned about running a business just by […]

I have unwittingly made some bad decisions in my 28 years on this earth, but every day I make better ones. Reflecting on this, it is clear that making the right calls, large and small, requires certain prerequisites and a thoughtful decision-making process. These considerations are especially important in a startup, where you will never […]

QUESTION: NAME ONE AWESOME FEATURE FILM THAT SHOWCASES ENTREPRENEURSHIP. EVEN IF IT’S NOT COMPLETELY ACCURATE TO THE HARDSHIPS OF THE STARTUP JOURNEY, WHAT ABOUT THAT MOVIE IS A TRUE TAKEAWAY? FORREST GUMP “Although it is historical fiction, Forrest Gump is one of my favorite inspirational movies that has entrepreneurial ties. My takeaway is that everyone has […]

Question: Share your best anecdote/lesson from co-working and how it helped your business or brand grow. New Clients All Around “I work regularly at coworking spaces. I routinely land new clients through a quick chat, especially since in a coworking space, I can immediately show the person sitting next to me exactly what I’m working […]

It wasn’t Nasty Gal CEO Sophia Amoruso’s fancy degree, tailored business suit, or five years of investment banking background that grew her e-commerce venture into a $128 million company, which has been courted by major potential buyers as of late. In fact, she had none of those things at first. She launched her business as an eBay store out of […]

Q. What is one way to make your lunch hour more productive? The following answers are provided by the Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, the YEC recently launched #StartupLab, a free virtual mentorship program that helps millions of entrepreneurs start and […]

With the 2013-14 NFL season kicking into full gear, and as I settle into my Sunday ritual, I’m reminded of why my hero, head coach Pete Carroll of the Seattle Seahawks, is just that — a hero. Since he took the reins in Seattle in 2010, Pete’s taken a below-average team and turned out a […]

QUESTION: ARE THERE ANY DISADVANTAGES TO PARTNERING WITH A COMPANY MUCH BIGGER THAN YOURS, AND HOW DO YOU MANAGE THEM? 1. WHERE’S THE CONTROL? “The chief disadvantage of partnering with larger companies is loosing control over timeline and positioning. Typically, you are rate-limited in progress by how fast the larger organization can move, and you won’t […]

Older, more established companies have the flexibility of deciding how to allocate their budgets and spend their available funds on the resources that make their businesses more comfortable and easier to run. But as a young startup, you have no such luxury! Because it’s important to make every dollar count while your business is still growing, […]

QUESTION: WHAT SHOULD YOU LOOK FOR IN A POTENTIAL STARTUP PARTNER? Question by: Ashley THE DATING GAME “When searching for a potential startup founder, you must search based on how you would if you were looking for a long-term relationship. You need to look for someone that can share the long-term vision of the company. Founding […]